What bank did Fifth Third just acquire?
Fifth Third Bancorp completed a massive, high-profile all-stock merger with Comerica Incorporated, valued at approximately 10.9 billion dollars. This strategic acquisition successfully created the ninth-largest bank in the United States, boasting nearly 300 billion dollars in total consolidated assets. The combination powerfully united Fifth Third's dominant Midwest retail and digital banking platform with Comerica's premier middle-market commercial banking franchise and expansive footprint across Texas, California, the Southwest, and the Southeast, significantly accelerating Fifth Third's long-term geographic expansion and commercial fee-income capabilities.
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